Matsushita Electric Industrial (Panasonic) will establish a new plasma display panel (PDP) manufacturing facility in Japan, with a production capacity of 1 million 42-inch panels per month. The plant, which is scheduled to start operations in Amagasaki, Japan, by May 2009, is the fifth plasma display panel manufacturing facility to be set up by Matsushita PDP Company (MPDP), Matsushita’s joint venture with chemicals group Toray Industries.The new plant will involve an investment of about 280 billion yen (US$ 2.3 billion), and the construction is scheduled to start in November this year, Panasonic said Thursday. It added that the new factory will be the largest PDP facility in the world.Matsushita is expanding its PDP production, as it expects that the global market for these displays will grow to 30 million units in 2010 because of the superiority of plasma TVs to other flat-panel TVs in terms of production and cost efficiency, as well as picture quality, the company said. The company expects that with the global digitalization of TV broadcasts, 65 percent of the 200 million global demand for TVs in 2010 will be for flat-panel TVs. The company has also forecasted that more than 30 percent of the demand in 2010 will be for 37-inch or larger flat-panel TVs.-John Ribeiro, IDG News Service (Bangalore Bureau) Check out our CIO News Alerts and Tech Informer pages for more updated news coverage. Related content brandpost Sponsored by Rocket Software Why data virtualization is critical for business success Data is your most valuable resource—but only if you can access it fast enough to address present challenges. Data virtualization is the key. By Milan Shetti, CEO of Rocket Software Nov 28, 2023 4 mins Digital Transformation brandpost Sponsored by Rocket Software The hybrid approach: Get the best of both mainframe and cloud Cloud computing and modernization often go hand in hand, but that doesn’t mean the mainframe should be left behind. A hybrid approach offers the most value, enabling businesses to get the best of both worlds. By Milan Shetti, CEO Rocket Software Nov 28, 2023 4 mins Digital Transformation brandpost Sponsored by Rimini Street Dear Oracle Cloud…I need my own space Access results from a recent Rimini Street survey about why enterprises are rethinking their Oracle relationship and cloud strategy. By Tanya O'Hara Nov 28, 2023 5 mins Cloud Computing brandpost Sponsored by Rimini Street How to evolve IT systems into innovation engines Today’s IT leaders are more than eager to modernize with best-fit cloud solutions that drive innovation and rapid business impact, but they need to do so with ROI-based solutions. By Tanya O'Hara Nov 28, 2023 4 mins IT Leadership Podcasts Videos Resources Events SUBSCRIBE TO OUR NEWSLETTER From our editors straight to your inbox Get started by entering your email address below. Please enter a valid email address Subscribe